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According to a report by Bitcoin.com, Enlace, a Spanish real estate technology company, revealed that the number of real estate transactions using some form of cryptocurrency as a payment method has significantly increased this year. The company found that these payment methods have advantages over traditional home buying methods, such as quick access to funds and savings compared to international bank transfers, resulting in a 15% increase in usage by 2024. This trend is particularly evident in major cities such as Barcelona, Madrid, and Valencia, where cryptocurrency transactions account for 60% of all transactions in the industry. Enlace predicts that approximately 6% of real estate transactions will involve cryptocurrency payments by 2024.
Google Trends data shows that the search popularity for "memecoin" has reached its historical high of 100. Cryptocurrency KOL Lark Davis analyzed that this phenomenon indicates that retail investors are awakening, and Meme coins are usually their preferred entry point into the cryptocurrency market.
BlackRock has announced obtaining a commercial operating license in Abu Dhabi and is currently applying for an operational license in Abu Dhabi Global Market (ADGM). Charles Hatami, Head of BlackRock's Middle East region, stated that the company will focus on developing the private market and artificial intelligence infrastructure business.
MEXC vice president Tracy Jin discusses how a strong focus on liquidity ensures a seamless and stable trading experience for users in the ever-growing crypto market.
According to BCA Research, despite the recent surge in bitcoin's price, it could potentially rise to $200,000 based on a gauge using 260-day fractal patterns. This gauge indicates that the current levels are nowhere near the levels seen during previous bull market peaks. While bitcoin is currently below the six-figure mark, one firm is predicting that its price could more than double from the current market rate of $90,000. The rise in stablecoin liquidity and bitcoin transactions is contributing to the formation of "Uptober." The ETH/BTC ratio has also slid to its lowest since April 2021.
government of Pocheon City, Gyeonggi Province, South Korea, announced plans to seize and sell cryptocurrency held by citizens who owe taxes. On November 18, local media Han Kyung reported that Pocheon City officials have notified 17 people who owe a total of KRW 124 million, approximately USD 88,600. The city warned these taxpayers that if they do not repay their debts by the end of November, their cryptocurrency assets on the exchange will be confiscated and sold.
Raoul Pal, former Goldman Sachs executive and founder of macro research firm Real Vision, posted on X stating: "So it looks like Michael Saylor and I have come to a consensus again. I also believe that BTC is a pristine asset. He also believes that tokenization of all assets, cultures, etc. will occur, and they are not the same as each other. Ultimately, there will be a variety of assets based on the BTC underlying layer."
Michaël van de Poppe, the founder of MN Trading, stated in a post on X that he is still satisfied with his decision to hold all altcoins. This topic has sparked a lot of criticism and feedback, which is good. Everyone has different strategies. I invest in these assets for the long term, and some have not yet yielded profits. My argument has not changed.
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